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Rangebound

BANKNIFTY RANGE DETECTED IN 30-MIN TIME-FRAMEBANKNIFTY TREND SETUP -what is visible right now on banknifty is a rangebound movement -where the floor is in between 19800-19700 -where the ceiling is in between 20630-20655 -if banknifty breaks 19700 on the next attempt -banknifty may qualify for "triple top formation" NIFTY TRADE SCENARIO -avoid taking directional trade today as we have expiry -wait for a break below 19700 or a break above 20650 -if we wait we will have a price target of atleast 800 points -market might again range between 19700-20655 -wait for a range break BANKNIFTY RESISTANCE FOR THE DAY 20240-20430-20620 BANKNIFTY SUPPORT FOR THE DAY 20040-19840-19740
NSE:BANKNIFTY
by manavtechresearch
Wipro | Approaching Range bottom Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:WIPRO
by AkhilSuryaFS
AUROPHARMA* On the daily chart stock price has decisively broken out from its multiple resistance zone of 822 - 830 levels on closing basis and sustaining above the same. * This breakout is accompanied with increase in volume which supports bullish sentiments ahead. * The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term. * Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead. * The above analysis indicate an upside of 864.50 - 881 with stop loss 800 #Findyourtrade
NSE:AUROPHARMALong
by R_A_G_A_S_J
MCX* On the daily chart stock price has decisively broken out from its multiple resistance zone and symmetrical triangle on closing basis and sustaining above the same. * This breakout is accompanied with increase in volume which supports bullish sentiments ahead. * The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term. * Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead. * The above analysis indicate an upside of 873 - 889 with stop 808 #Findyourtrade
NSE:MCXLong
by R_A_G_A_S_J
Investment idea in PFC on NSE (INDIA)This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below: 1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows. 2. Activity in the scrip can be witnessed observing volume bars of last 4 weeks. 3. Price has reversed after indicating bullish divergence (marked on RSI ) after testing lower range. RSI (59.2) shows strong momentum. Hence, it is likely to target 160 (upper range) and hence it becomes a good investment choice at CMP of 93.65 (70 % ) Happy investing...
NSE:PFCLong
by DEVERAMA